Paradigm Geophysical Names Peter Jones President of Latin American Operations

Business Wire, May 12, 1999

HERZLIA, Israel--(BUSINESS WIRE)--May 12, 1999--

Paradigm Geophysical Ltd. (NASDAQ: PGEO) today announced that Peter Jones, 38, has been named President of Latin American Operations.

Jones will be responsible for Paradigm's sales and support team in the region. For the past six years, he worked in various field operational and sales roles at Geco-Prakla, most recently as the company's senior account manager for North and South America. Jones began his career with Seismograph Service Ltd., where he worked in a variety of seismic acquisition roles. He graduated with honors from Leeds University in England, with a bachelor of science degree in pure physics.

Eldad Weiss, Paradigm's President and CEO, commented, "We are quite pleased to have Peter Jones join our management team. His significant experience in Latin America, a market which holds great promise for Paradigm, will be invaluable as we aggressively expand our presence in that region."

Paradigm Geophysical Ltd. develops, markets and supports seismic data analysis software solutions and provides seismic data processing and interpretation services to companies engaged in oil and natural gas exploration and production. Paradigm Geophysical serves this industry with offices and geophysical data analysis service centers in the United States, the United Kingdom, Canada, China, Australia, Argentina, Jakarta, Venezuela, and Russia.

"Paradigm Geophysical(R)" is the registered trademark of Paradigm Geophysical Ltd. Recent press announcements are available on Paradigm's web site: www.paradigmgeo.com.

Safe Harbor statement: This news release may contain certain forward-looking statements relating to the future performance of Paradigm Geophysical Ltd. Such statements are subject to certain factors which may cause Paradigm's plans to differ or results to vary from those expected including the risks associated with the impact of competitive products and pricing, increased investment to support product introductions, market acceptance of products, product transitions by the company and its competitors, currency fluctuations, changes in product sales mix, and a variety of risks described in the company's filings with the U.S. Securities and Exchange Commission. Paradigm undertakes no obligation to publicize or release results of any of these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.